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Aussiedollar

AUD/USDAU made 7 swings down creating an over lapping diagonal pattern breaking trend line creating a smaller diagonal as it did so. It can extend down a little more. We don't have full confirmation of reversal, but you do see the bands and the level that it is at. I believe it to be in correction, which considering the price action on the weekly I would expect a more complex pattern, and as far as the wave pattern goes it would be totally possible for it to go up to break the high in a double combo 7 swing pattern, in which case it would probably not break the last low, however it can... That pattern could extend all the way up to that zone.... 38% from this very spot lines up exactly with the level u see marked. I'm not saying to just swing it and go for that, but I see it as very possible considering that this is the exact pattern it has made up to this point.....
Long
by thillygoosth
GBP/AUD Long day trade - +1.3% Good evening everyone, sharing a great trade I took on Monday on FX_IDC:GBPAUD What initially caught my eye was the rejection of the 1.8200 support level followed by the break of the descending phase line. Entered couple of hours before the London open before the usual volume expansion, TP order was hit pretty quickly. Please feel free to write me a PM if you wish to know more about the strategies that I use to consistently pull money out of the markets. Have a great Sunday evening
by UnknownUnicorn485324
AUD/USD (A hard support can push it higher)Apparently, AU is supported by hard resistant called 0.767 regions. Since the bull force gets stronger, it can swing up again. It can go to levels like 0.775 and 0.782 regions. DYODD and Trade Safe s0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by SonicDeejay
AUDUSD set to rise?AUDUSD appears to be close to finishing another 3 wave structure labelled as C-D. It has made a short term correction following from an impulse. It also seems to have broken out of the short term correction trendline and began its move downwards. I expect the impulse to end at point D and begin another 3 wave pattern upwards completing at E. Once D has completed I would begin looking for possible entries. If no sign of entry at the beginning of wave 1, then I would aim to enter after the corrective 2nd wave structure is broken. This would end at E. Thanks.
by EamesAnalysis